Weekly COT report Analysis + Trade Ideas

that gold is really tough to short, I chased in my shorts at 1163 and again took short at 1169 hr ago-

ps, sorry for my delayed response, I'm really busy with couple of hundreds pips profit in my account and I'm adjusting their SL and TP on some, mostly short A/U C/J Gold and long U/Cad G/U

so you are trading bigger TF , good you can keep it then till weekly S1 .9177

Ya.. rollercoaster up there with Gold. let's see if we can finally see a nice drop today.

no problem... Takin care of your trades is the more important thing..
If you got so many positions open you need to concentrate on that.
sounds like nice pips for you today!

excellent trading, I'm long from 1.0044, 1.0024 , cashed in some positions ,will hold the rest

It has been quite good, nice come back after the yesterday gold headache, up 8% since then and have a few more green open, you know that I have a habit of taking smaller size but multiple positions ,I feel more comfortable that way but the handling is time consuming

good G/U short is coming ,weekly pivot 1.5347 sell limit there with a 50 sl

hmm indeed.

Sounds good!
Taking multiple positions is really a good thing. But my tiny account doesn't allow me to do so at the moment.
But I am working on getting the right account-size to do so

getting closer

this short is like sending the soldiers out there when the enemy is tired, overbought G/U hitting confluence sell zone, I'd be really surprised if it breaks it at first attempt

DJI, no wonder why A/U doesn't fall ,this bull market doesn't want to end or even retrace a bit ,the bearish candle was a joke

Well sentiment has been flip flopping like the UK voters.

SSI: GBPUSD Positioning Flips after Long Interest Drop 21%, Shorts Surge 42%
Thursday, 29 Apr 2010 20:11 GMT
Written by John Kicklighter



Intraday Highlight:

GBPUSD - The ratio of long to short positions in the GBPUSD stands at -1.25 as nearly 56% of traders are short. Yesterday, the ratio was at 1.45 as 59% of open positions were long. In detail, long positions are 21.4% lower than yesterday and 1.7% stronger since last week. Short positions are 42.3% higher than yesterday and 6.5% stronger since last week. Open interest is 4.6% stronger than yesterday and 3.5% above its monthly average. The SSI is a contrarian indicator and signals more GBPUSD gains.

SSI Details:

EURUSD - The ratio of long to short positions in the EURUSD stands at -1.09 as nearly 52% of traders are short. Yesterday, the ratio was at 1.08 as 52% of open positions were long. In detail, long positions are 5.0% lower than yesterday and 13.0% weaker since last week. Short positions are 12.0% higher than yesterday and 69.9% stronger since last week. Open interest is 3.2% stronger than yesterday and 11.9% above its monthly average. The SSI is a contrarian indicator and signals more EURUSD gains.

GBPJPY - The ratio of long to short positions in the GBPJPY stands at -1.19 as nearly 54% of traders are short. Yesterday, the ratio was at 1.09 as 52% of open positions were long. In detail, long positions are 9.6% lower than yesterday and 12.3% stronger since last week. Short positions are 17.0% higher than yesterday and 14.9% weaker since last week. Open interest is 3.1% stronger than yesterday and 3.9% above its monthly average. The SSI is a contrarian indicator and signals more GBPJPY gains.

USDJPY - The ratio of long to short positions in the USDJPY stands at 1.80 as nearly 64% of traders are long. Yesterday, the ratio was at 1.81 as 64% of open positions were long. In detail, long positions are 2.0% higher than yesterday and 7.0% stronger since last week. Short positions are 2.6% higher than yesterday and 2.3% weaker since last week. Open interest is 2.2% stronger than yesterday and 8.3% above its monthly average. The SSI is a contrarian indicator and signals more USDJPY losses.

USDCAD - The ratio of long to short positions in the USDCAD stands at 2.42 as nearly 71% of traders are long. Yesterday, the ratio was at 1.98 as 66% of open positions were long. In detail, long positions are 6.5% higher than yesterday and 22.6% weaker since last week. Short positions are 13.2% lower than yesterday and 3.2% weaker since last week. Open interest is 0.1% weaker than yesterday and 13.9% below its monthly average. The SSI is a contrarian indicator and signals more USDCAD losses.

USDCHF - The ratio of long to short positions in the USDCHF stands at -1.17 as nearly 54% of traders are short. Yesterday, the ratio was at -1.20 as 54% of open positions were short. In detail, long positions are 2.3% lower than yesterday and 4.3% weaker since last week. Short positions are 4.6% lower than yesterday and 21.3% weaker since last week. Open interest is 3.6% weaker than yesterday and 9.4% below its monthly average. The SSI is a contrarian indicator and signals more USDCHF gains.

AUDUSD - The ratio of long to short positions in the AUDUSD stands at -1.31 as nearly 57% of traders are short. Yesterday, the ratio was at 1.15 as 53% of open positions were long. In detail, long positions are 11.4% lower than yesterday and 1.7% stronger since last week. Short positions are 33.0% higher than yesterday and 24.2% stronger since last week. Open interest is 9.3% stronger than yesterday and 14.0% above its monthly average. The SSI is a contrarian indicator and signals more AUDUSD gains.

NZDUSD - The ratio of long to short positions in the NZDUSD stands at -1.60 as nearly 62% of traders are short. Yesterday, the ratio was at -1.42 as 59% of open positions were short. In detail, long positions are 0.5% lower than yesterday and 10.0% weaker since last week. Short positions are 11.9% higher than yesterday and 28.0% stronger since last week. Open interest is 6.7% stronger than yesterday and 14.1% above its monthly average. The SSI is a contrarian indicator and signals more NZDUSD gains.

lookin for one more trip down then will watch for a strong opp to get long.

short N/J at 68.00 sl=68.20

This pair has been so stagnant! Shah you still in it? I have a feeling that WP isn't gonna hold price... It's been lingering around too long.
What are your thoughts?

This breakout is really something; I don't think it is going to stay like that because I believe the IMF will dump loads of dollars once Greece is going to get rescued. But then again who is going to sustain the cries of the rest i.e. Portugal, Spain etc... Germany cannot bear such a weight. We are about to witness one of two things; either by some miracle due to the bailout all of the PIIGS will eventually get their act together, or this is the beginning of the end for the European Union and the Euro as we know it.

Thanks for this. May I ask where its from?
Cheers,
tpb

fwiw I use this site for COT charts.

http://www.timingcharts.com/index.php

Cheers,
tpb

hi
seems nzdusd is in appropriate price for taking short (0.7280 - .7300 )

price movement in eurgbp is limited in a channel which is proper for going long

EURGBP60

http://www.forexrainbow.com/files/4j...182x_thumb.gif

good luck

That EUR/GBP was a nice setup indeed. but I got stopped out on that one. SL .8623. Can't access my platform at the moment but I think that was the exact bottom before it shooted up.. sh*t happens.

Can you others check what your low on EUR/GBP was?